66590 Joseph Way - Multi-Family FOR SALE


Desert Hot Springs, CA 92240
$650,000 USD
951-375-7433
66590 Joseph Way, Desert Hot Springs, CA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/21
null | 9.94% Cap Rate

66590 Joseph Way
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • 9.94% CAP RATE!!
  • 19.37% CASH ON CASH!!
  • UPGRADED KITCHENS INCLUDING COUNTER TOPS AND APPLIANCES. LOOK AT THE PICTURES! IT'S BEAUTIFUL!!
  • ONE CAR ATTACHED GARAGE FOR EACH UNIT!! WALK IN CLOSETS FOR EACH UNIT!!!
  • ALL THREE UNITS HAVE THEIR OWN SEPARATE WATER METER!!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!
  • NEWER SPECIAL ENGINEERED WOOD FLOORING THROUGHOUT. LOOK AT THE PICTURES. IT'S BEAUTIFUL!!

OVERVIEW

This is a very nice triplex, inside and out! Freshly painted stucco building with tile roof. Newer special engineered wood flooring. AND ALL UNITS HAVE THEIR OWN SEPARATE WATER METER!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!! All units are 2 bedrooms 1 baths. Kitchens have been upgraded including newer counter tops, cabinets and appliances. Ceiling fans throughout. Each unit has it's own private fenced yard area! One car garage for each unit. Central heating and air. All units separately metered with gas and electric that tenants sign up and pay for. Washer and dryer hookups in each unit. One block and walking distance to shopping. Walk in closets for each unit!!! This complex really performs. Actual rents are almost at market! And at market rents, we're putting out, $75,600 Annual Gross Income, an impressive 8.60 Gross Rent Multiplier, a seldom seen 9.94% Cap Rate, and a robust 19.37% Cash on Cash return. Please see MARKETING PACKAGE for details including rent roll, income, and expenses. Finally, we have two other triplexes like this that can be bought. Please call for details on a package deal!!!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

9.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TRIPLEX, 9.94% CAP! 19.37% CASH ON CASH!!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

641-291-007

ASK ABOUT THIS PROPERTY

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.